The U.S. Energy Information Administration’s (EIA) Short-Term Energy Outlook (STEO) released on November 8 forecasts that North Sea Brent crude oil prices will average $43 per barrel (b) in 2016 and $51/b in 2017. EIA expects that West Texas Intermediate (WTI)...

A recently released report by the U.S. Energy Information Administration (EIA) finds that planned refinery maintenance is not expected to affect adversely the supply of gasoline, jet fuel, and distillate fuel in the United States through the end of 2016. Refinery...

The sulfur content of transportation fuels has been declining for many years due to increasingly stringent regulations. In the United States, federal and state regulations limit the amount of sulfur present in motor gasoline, diesel fuel, and heating oil. New...

As of November 25, U.S. gasoline inventories reached 226.1 million barrels, a 9.3 million barrel increase from the same time last year and the highest level for this time of year since at least 1990. Gasoline inventories have been elevated all year despite strong...

In EIA’s December Short-Term Energy Outlook (STEO), both the West Texas Intermediate (WTI) and Brent crude oil 2017 price forecasts increased by about one dollar per barrel (b) from the November STEO, with prices expected to average $51/b and $52/b,...

Oil production companies recorded positive earnings from their upstream (exploration and production) operations in the third quarter of 2016 for the first time since the fourth quarter of 2014. According to recently released earnings statements from 102 global oil...